ThinkstockOne recurring theme we see at 24/7 Wall Street is that technology stocks, for all of their glitter and notoriety, have greatly underperformed one of the longest and hottest bull market runs since the…
ThinkstockAuto battery maker Exide Technologies Inc. (NASDAQ: XIDE) filed for Chapter 11 bankruptcy protection this morning. The company is on the hook for a $31 million interest payment in August and $52 million convertible…
ThinkstockResearch and information analysis company IHS Inc. (NYSE: IHS) announced this morning that it has agreed to acquire auto industry information and analysis firm R.L. Polk & Co. for $1.4 billion. Polk created and…
courtesy of the White HouseThe most important news out of the summit between China’s President Xi Jinping and U.S. President Obama is that no progress was made on the cyber spying issue. It is…
ThinkstockRecent information from Japan and the United Kingdom shows that accelerated recoveries from deep recessions are underway. There may be a way to track how these governments worked to turn around their economies. In…
courtesy of SamsungAT&T Inc. (NYSE: T) has decided its wireless customers are so loyal that it can extend the period after which they can get a new smartphone at a discount price from 20…
ThinkstockNew data from Interest.com indicates that most other studies of how financially tough retirement will be for almost every American are accurate. The recent study indicates that older Americans face income shortfalls in 48…
ThinkstockThe disclosure that the U.S. government tracks phone call patterns and a broad spectrum of data from large consumer-facing tech companies, which probably include Facebook Inc. (NASDAQ: FB), Google Inc. (NASDAQ: GOOG) and Yahoo!…
courtesy of Google Inc.The mergers and acquisitions process at Google Inc. (NASDAQ: GOOG) cannot be measured against those of most other companies. The search company is willing to take chances rivals would not because…
ThinkstockIn most nations, a recession means a contraction of gross domestic prodcut (GDP) for two consecutive quarters. In China, based on its own past standards, a “recession” of a kind might be a growth…
ThinkstockThe measure of what is dangerous depends on to whom and by what. “Most dangerous” is, by definition, a meaningless term, unless put in very specific context. These things are true of the new…
This last week had much more volatility than what investors have grown used to. 24/7 Wall St. wanted to highlight the top analyst sector research calls of the week now that investors are trying…
U.S. equity markets opened higher this morning after the report on non-farm payrolls showed a slightly larger rise than analysts had expected. State and local government jobs rose for the first time in months.…
AMRAMR Corporation (AAMRQ) has announced that the U.S. Bankruptcy Court for the Southern District of New York has approved the disclosure statement for the company’s reorganization plan. AMR also confirmed that American is now…
ThinkstockCoal mining companies have had a miserable two years. Low-cost natural gas has clobbered demand for thermal coal to generate electricity, and the slow global economy has substantially slowed demand for metallurgical coal used…